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Atlantic Yards/Pacific Park FAQ, timeline, and infographics (pinned post)

Coming to the Atlantic Terminal/Center malls: higher rents and new tenants that "twist this project into the current century"

From The Real Deal, 12/1/17, Is retail turning a corner?:
Cushman [& Wakefield], for one, was tapped by Ronald Dickerman of Madison International Realty this year to handle leasing at the 2.1 million-square-foot, 12-property retail portfolio the company will own outright by the end of this year. That’s when it’s slated to close a deal to buy partner Forest City New York out of its 51 percent stake.
This includes the Atlantic Terminal and Atlantic Center malls. From the article:
Dickerman said that unlike with many prime Manhattan locations, there’s still plenty of financial upside at the Brooklyn mall[sic].
“This is not $2,000-per-square-foot rents going to $5,000 per square foot. This is $30-$50 going to $100 per square foot. The narrative is very different here,” he said. “There’s a lot of opportunity to twist this project into the current century.”
That suggests that some of the downmarket leaseholders might be replaced by retailers with somewhat higher price points and more upscale shoppers. (For the record, the Atlantic Center mall opened in 1996, and Atlantic Terminal in 2004.)

Dickerman provided details to Crain's New York Business in September:
[Madison's Ronald] Dickerman said his firm plans to invest "ten of millions of dollars" repositioning the two adjacent Downtown Brooklyn properties to bring in new tenants and make the complex a hipper destination. Included in the plans are an increased number of food options and the installation of a roof deck that Dickerman said would lure larger crowds from the Barclays Center.

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